2019-01-09-CEC-min - Laserfiche WebLink

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Minutes of the Lexington Capital Expenditures Committee (CEC) Meeting January 9, 2019 Additional comments by Mr. Malloy and Ms. Kosnoff included, but were not restricted to, the following: • A 20-year financial plan is being built that can then be used for evaluating different funding models. Completion is targeted for January 28tH • The CIPs should include inflation-related increases, and efforts are needed to ensure they are incorporated. • The State match for CPA funding has been decreasing, which is problematic. Ms. Barry noted that there may be a Citizen Petition to decrease the percentage the Town is allowed to tax for CPA projects. If this were supported by Town Meeting, it would then go to a town-wide referendum. Preparation for the 2019 ATM: Ms. Barry reported that the 2019 ATM warrant is expected to include 10 Citizen Petitions plus a proposal regarding zoning at 183 Bedford Street. She plans to forward information related to these petitions and the BoS' schedule for discussing them. It was noted that not all of them would have financial implications that relate to capital projects. Ms. Barry reported that the Financial Summits III and IV are scheduled for January 31St and February 13th, respectively. Mr. Malloy reported that the Sustainability Committee and Permanent Building Committee have submitted two divergent proposals regarding a Sustainable Building Policy, and he is working to develop a blended alternative. Because of the potential financial impacts, he will share the result with this Committee for comment. Mr. Malloy reported that he wanted this year's CIP process generally to proceed as in the past, but in the future, he would like to have departments rank their CIPs based on a variety of factors to help prioritize them. This triggered discussion about the need for better CIP software. Minutes: Mr. Kanter proposed an amendment to the Draft #3 Minutes for the December 12, 2018, CEC meeting. A Motion was made and seconded to approve that Draft #3, as amended. Vote: 5-0. FY2019 Assignments of Liaisons for Departments and to Town Committees, Commissions, and Boards: It was agreed that the FY2018 assignments would remain the same in FY2019, although it was noted that the Center Streetscape Committee is no longer meeting and may have been dissolved. A Motion was made and seconded to include the following ad hoc committees and associated committee members on the list of assignments: • Ad hoc Special Permit Residential Development Zoning Bylaw Committee: Ms. Manz • School Master Planning Advisory Committee: Ms. Beebee • Ad hoc Crematory Study Committee: Ms. Beebee Vote: 5-0. Member Concerns: The next meeting is on January 16th when there will be a presentation on the Automatic Meter Reading proposal. January 23rd and January 30th have been Page 3 of 4